The Niger Delta Avengers (NDA), the new face of violent agitation in the oil-rich Niger Delta, yesterday issued a two-week ultimatum to owners and operators of oil concessions in the Continue Reading
Kenya has created an extra 17 new oil exploration blocks, bringing its total to 63 and aims to auction them in a licensing round in 2017, Kenyan newspapers quoted Ministry Continue Reading
Exxon Mobil said a drilling rig damaged some of its pipelines in Nigeria. The incident is the latest blow for Nigeria’s oil sector, which has been plagued by a series Continue Reading
American Special Operations troops have been stationed at two outposts in eastern and western Libya since late 2015, tasked with lining up local partners in advance of a possible offensive Continue Reading
The Niger Delta Avengers militant group issued a two-week ultimatum to oil companies operating in Nigeria’s oil rich Niger Delta region, warning companies to shut down or risk attack, the Continue Reading
Damage to a pipeline has reduced supplies of Nigeria’s benchmark Qua Iboe crude oil, two traders said on Thursday, the latest setback for Africa’s top producer that has pushed output Continue Reading
Italian energy company Eni said Wednesday it was able to boost its production at a gas field in Egypt within a year of making the initial discovery. Eni said production Continue Reading
Nigerian military high command Wednesday ruled out engaging militants sabotaging oil production facilities in the Niger Delta, saying it would rather deploy “every available resources to deal decisively” with the Continue Reading
In defiance of President Muhammadu Buhari’s order for security forces to curtail militants’ violence in the South South geo political zone of the country, the Niger Delta Liberation Force (NDLF), Continue Reading
Barely 24 hours after reports indicated the possibility of partial deregulation of the downstream petroleum sector, and days the country had a breather from scarcity, long queues have resurfaced at Continue Reading
Royal Dutch Shell RDS.A -0.20 % PLC on Wednesday said its exports of Nigerian crude oil had been significantly disrupted, adding to a slew of stoppages that have knocked out Continue Reading
The Resilience of Oil Nation’s crude output reduced by about 400,000 barrels a day At least a fifth of Nigerian oil production, equivalent to almost 400,000 barrels a day, has Continue Reading
Nigeria raised the price cap for gasoline 67 percent as President Muhammadu Buhari’s administration moved to tackle months of fuel shortages in the OPEC-member country. Gasoline will now sell for Continue Reading
Nigerian President Muhammadu Buhari demanded on Wednesday that Britain return assets held there by corrupt Nigerians, pointing the finger back at London after Britain’s prime minister suggested Nigeria was “fantastically Continue Reading
(Adds statement from NOC in Tripoli) By Ayman al-Warfalli May 9 Libya’s crude oil output has fallen to a trickle amid a standoff over export rights that prevented trading giant Continue Reading
Libya Hariga Oil Export Terminal Libyan officials attached to the government in Tripoli are warning that the country will have to halt the majority of its output from southeastern fields Continue Reading
Fields responsible for the bulk of Libya’s oil exports will be forced to halt production within a month unless a blockade is lifted on the port of Marsa el-Hariga, according Continue Reading
A Panama-registered oil tanker that disappeared from radar three weeks ago en route to Senegal has now reportedly washed up in Liberia without its crew, sparking fears of a pirate Continue Reading
A Canadian oil company with a focus on Africa said an independent survey of its holdings in Kenya led it to increase its reserve estimate by 24 percent. Africa Oil Continue Reading
Nigerian Pipeline Attacked The oil markets have suddenly been hit with a multitude of unexpected supply disruptions, the largest of which comes from the more than 1 million barrels per Continue Reading
There are indications that the Federal Government will abandon its price modulation policy this week and embrace deregulation in order to allow private marketers resume importation and sell at profitable Continue Reading
Nigeria is the largest oil producer in Africa, though it’s plagued with risks as much of the industry is in the conflict-prone Niger Delta, analysis finds. The U.S. Energy Information Continue Reading
Royal Dutch Shell latest to come under attack in Nigeria from a militant group calling itself the Niger Delta Avengers. File Photo by Stephen Shaver/UPI ABUJA, Nigeria, May 9 (UPI) Continue Reading
Royal Dutch Shell PLC has evacuated nonessential staff from one of its Nigerian oil fields amid mounting militancy in the country’s oil-rich Niger Delta region. The company has reduced staff Continue Reading
Young men became entangled in a swirl of flying fists. Gas station workers swatted away boys hoping to fill their plastic cans. A mother with a sleeping baby in her Continue Reading
Nigeria is suffering a worsening bout of oil disruption that has pushed production to the lowest in 20 years, as attacks against facilities in the energy-rich but impoverished nation increase Continue Reading
Militant group the Niger Delta Avengers said it’s knocked Chevron operations offline in the region after attacking oil and gas installations. Photo by Lilac Mountain/Shutterstock ABUJA, Nigeria, May 6 (UPI) Continue Reading
Libya may be forced to cut oil production within days if a stand-off between eastern and western factions that has prevented loadings at the Marsa al-Hariga port continues, an official Continue Reading
The odds of a Libyan oil revival are diminishing amid intensifying conflict between factions that is crippling production and exports. After failing to sell a cargo independently of Libya’s National Continue Reading
Normalcy has returned to most filling stations in Abuja as the long fuel queues that characterized them in the past months have eased. But the scarcity of petrol is still Continue Reading
Militants in the Niger Delta yesterday blew up the Chevron Valve Platform located on the high sea near Escravos in Warri, Delta State in a renewed attack on oil installations Continue Reading
Tullow Oil says its TEN field project is now over 90 percent complete and that, its first oil remains on target for July and August this year. FPSO Professor John Continue Reading
Militants attacked a Chevron ( CVX.N ) platform in Nigeria’s oil-rich Niger Delta region late on Wednesday, a navy spokesman said on Thursday, amid growing fears of a revived militant Continue Reading
The authorities that control the eastern half of Libya moved Tuesday to block oil exports from areas under their control, escalating a fight over petroleum revenue that threatens a fragile Continue Reading
Indications have emerged that Nigeria will export about 52 cargoes of crude oil in June, representing a drop from 55 cargoes slated for May in the futures market. The preliminary Continue Reading
The Islamic State militant group (ISIS) has taken to selling chickens and eggs in the streets of its de-facto North African capital as its cash reserves continue to be damaged Continue Reading
Figure dwarfs previous government estimate of $5.5 billion Nigerian Vice President Yemi Osinbajo said about $15 billion was lost by the previous administration to fraudulent security spending, almost three times Continue Reading
Libyan oil workers at the the Zawiya oil installation. A tanker with oil from eastern Libya returned with its cargo to the North African country after the United Nations blacklisted Continue Reading
Officials from Uganda and Tanzania will in the coming days meet to fine-tune the work plan for the development of the proposed Shs11 trillion crude oil export pipeline. The 1,400km Continue Reading
The Conference of Nigeria Political Parties (CNPP) has issued a seven-day ultimatum to the Ministry of Petroleum Resources to end fuel queues cross the country or face organised labour, civil Continue Reading
Libya’s National Oil Corporation has ambitious plans to restore output to pre-2011 levels after years of violence and disruption, officials said. Oil output is now less than a quarter of Continue Reading
U.N. Support Mission in Libya reminds all parties to respect the sanctity of oil, the country’s main source of revenue. Pictured, Libyan rebels at the western gate of Ajdabiya on Continue Reading
Authorities in eastern Libya pledged to export more crude oil soon, two days after shipping their first cargo in defiance of a national unity government based in Tripoli. A representative Continue Reading
A government based in eastern Libya has shipped its first cargo of crude in defiance of authorities in the capital Tripoli, a bold move that could deepen the divisions that Continue Reading
A cargo of 650,000 barrels of crude left the Libyan port of Hariga yesterday, in the eastern part of the conflict-torn country, sparking what promises to be another phase in Continue Reading
The government in eastern Libya plans later Monday to export its first cargo of crude since the country with Africa’s biggest known oil reserves split into rival power centers in Continue Reading
The Tripoli headquarters of Libya’s National Oil Co., which has objected to an oil export… A government that controls Libya’s eastern half said its oil company has loaded its first Continue Reading
A statement from the government in Uganda said a decision was made by a regional consortium to build a crude oil pipeline through Tanzania. Delegates from Burundi, Ethiopia, Kenya, Rwanda, Continue Reading
Critical decision over the weekend on one of the world’s most-watched infrastructure developments — in the fast-emerging oil and gas basins of Eastern Africa. That came from a meeting of Continue Reading
Kampala — Tanzania will charge Uganda a tariff/transit fee of Shs40,321 ($12.2) for each barrel of oil going through the crude oil pipeline to Tanga port at the Indian Ocean Continue Reading
